The owoing omation appies to the quuestions auspinyed beiow, At the baginning ot the yaar Plummer's Spots Center bought threa used fitness machines trom Advantage, Inc. The machines immediataly wara overhauied, instaled, and staned oparating. The machines were citterent, tharetore, aach had to be recorded separately in the accounts Amount paid for asset Installation costs Renovation costs priar ta usa 19.500 S 31,70D 13.450 7DD 3,4DD 4,400 ,50D By the end of the first year, each mechine had been operatng 5,300 hours value: 11.00 points Required information Required: 1, Compute the cost of each machine. Machine A Machine B Machine References eBook & Resources Worksheet Learning Objective: 0B-02 Apply the cost principle to measure the acquisition and maintenance of praperty, plant, and equipmant Difficulty: 2 Medium Leaning Objective: 08-03 Apply variaus cost alocation methods as assets are held and used over time. Check my work Required information 11.00 points 2. Proparo the entry to rocord depreciatian cxpense at the end af ynar 1, assuming the folowing. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Residual Machine Valus Depreciation Method Life 8 years 53,000 Straight-ine hours 3.800 Units-f-praductian years 3,500 balance View transaction list Journal entry worksheet Record the depreciation expense for year 1. Note: Enter debits before credits, Record entry vlew general journal Clear entry